Arbitration is a particular feature of our services to the insurance industry. Our lawyers have expertise in arbitrations governed by the English Arbitration Act, the United Nations Model Law on International Commercial Arbitration, the Bermuda International Conciliation and Arbitration Act, the American Arbitration Association Rules, and the International Chamber of Commerce Rules as well as under various ad hoc and local arbitration rules, such as the ARIAS U.K. Rules and Lloyd’s Arbitration Scheme.
Wood & Lee represents insurers and reinsurers in arbitrations on complex coverage questions and involving significant exposure. The issues vary widely, but include questions of nondisclosure and misrepresentation in the formation of contracts and the interpretation of complex contract language. Arbitrations handled by our lawyers focus on insurance/reinsurance issues and concern all major classes of business, including general liability, professional liability (including D&O and financial institutions), brokers E&O, product liability, property, environmental liability, marine, cargo, satellites, personal accident and workers’ compensation reinsurance. Wood & Lee lawyers are involved in arbitrations arising from structured and captive insurance arrangements.
Wood & Lee lawyers have particular expertise in handling arbitrations arising under policies issued by the Bermuda insurance market, including under professional liability, property and most particularly under general liability policies written on the Bermuda Form.